Freedom House Ministries Inc

Analysis

Freedom House Ministries Inc is a registered charity in United States, based in Green Bay, WI. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Freedom House Ministries Inc reported income of $841k and spending of $1.4m, spending 170% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $841k (-56%), an average of -19% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Freedom House Ministries Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within WI. Charities of a similar size with the same main cause include Greensboro United Methodist Housing Inc ($841k), Riviera Beach Community Development Corporation Inc ($841k) and Salem Inc ($841k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $81k (5.6% of expenses). Other salaries and wages came to $584k. At year end it held assets of $7.3m against liabilities of $27k, net assets of $7.2m. It reported 29 employees.